BofA Raises its Price Target on Permian Resources (PR) to $22

Permian Resources Corporation (NYSE:PR) is one of the 10 All-Time High But Still Undervalued Stocks to Invest In.

On April 27, 2026, BofA raised its price target on Permian Resources Corporation (NYSE:PR) to $22 from $20 and maintained a Neutral rating as part of a broader update on U.S. oil and gas names. The firm said it expects a market environment shaped by de-escalation efforts alongside recurring geopolitical flare-ups and elevated risks.

On April 21, 2026, Scotiabank analyst Betty Zhang raised the price target on Permian Resources Corporation (NYSE:PR) to $25 from $21 and kept an Outperform rating. Scotiabank said its outlook on the energy sector remains mixed, with earnings estimates generally above consensus for E&P companies but below for independent refiners, while investors are likely to focus on whether recent oil market volatility affects activity levels in 2026 and beyond.

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Earlier in April, KeyBanc analyst Tim Rezvan initiated coverage of Permian Resources Corporation (NYSE:PR) with an Overweight rating and a $25 price target. Tim Rezvan said the firm remains constructive on oil-focused companies and believes medium-term oil futures prices are too low. The analyst also pointed to the company’s transition to investment-grade debt as supportive of improved natural gas realizations and lower borrowing costs.

Permian Resources Corporation (NYSE:PR) develops crude oil and liquids-rich natural gas reserves in the United States.

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